LLP Registration in India by Legal Firm |
Limited liability partnership or LLP was coined in India Under the Limited Liability Act, 2008. This form of business was introduced to provide simple maintenance and limited liability to the owners of the company. there are numerous benefits of registering an LLP as it combines the features of a partnership firm and company into one.
Provided below are the benefits of LLP registration:
- The LLP registration serves the LLP as a separate
individual legal identity like a company.
- The liability of each partner is limited to their contribution.
- The cost of the formation and operation of the LLP is very low.
- There are less compliance and regulation for an LLP.
- There is no requirement of minimum capital contribution by
partners.
- Acquire DSC and DIN: All the partners of the LLP will have to obtain a digital signature as all the forms are filled online. Also, all the directors have to obtain DIN which can be attained by filling the e-form DIR 3.
- Application for Approval of Name: For
the registration of LLP, a name has to be chosen for it. But the company
needs to make sure that the name is not already taken. This can be checked
on the MCA online portal. Once its authenticity is ensured, the LLP can
apply for the name. The approval of the name is made by the
registrar.
- LLP Agreement: This agreement is made
between the LLP and partners. It states the duties and rights of the
partners. This agreement is done by filing a form online on the MCA
portal. The process of agreement filing has to be done within 30 days of
the date of incorporation.
- LLP Incorporation Certificate: The
registrar approves the MOA and AOA of the LLP, now all the documents have
to be submitted on the MCA portal. After this, the incorporation
certificate for the company is issued.
Legal Firm Global Jurix
S-191 C,School Block, Shakarpur
Delhi- 110092
Website: www(dot)globaljurix(dot)com
Call at +91-9810062387
Mail at: corporate(at)globaljurix(dot)com
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